St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-12-20
The COMMERCIAL RECORD.
On the Chicago Board of Trade, May
Pork Demanded ana Received
Attention.
It Opened at High Figures, Dropped &
Peg and Then Made
a Rally.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special TO the Globe.


5,OOO@IO,OOO below estimate; heavy re
ceipts of corn, fifty cars above estimates, and
liberal buying of wheat by Dunn and others,
presumably for foreign account were the
new features on change about the opening
thig morning May corn sold down during
the first half hour from 54l2c to $3.50 May
wheat down to S3Ise aud back TO $3.50.
S3Iac. May pork from SO. so down to Sl5.7C
and back TO S15.s5, May lard up from
SS.02Ia. Corn then took slide 10 53ssc,
and everything else worked down.
Provisions were excited and active.
prices jumping about at a lively rate. There
was no outside news of importance. There
was plenty of business IN the several pits.
but outside of wheat the trading seemed to
be largely local. The talent sold wheat from
the opening, and corn also. Old Hutch was
q large seller of wheat this afternoon. and
brokers supposed to be operating for Kent X
Ream were similarly occupied. Mccormick
& Kennett were heavy buyers early, but
HutchinsOn's offerings were on a scale ST. +
fcient to flush the pit. The market acted
weak until S3c was touched. The price got
10 S2Isc once, but S3c brought out buying
orders. and there was large trade around
that figure The visible supply statement
showd an increase Of -, 500, GOO bu and
exports from the Atlantic ports last week
were given al 204. 900 bbs of -four and 30,
600 bu of wheat, equivalent 10 about 1,44o.-
coo bu in all. New York made a drive at
this market early, and to help things down
sent dispatches 10 every one on the floor in
quiring
WHAT CHICAGO BANK
was in trouble OF course no Chicago bank
is in trouble. but the disquieting rumOr had
its effect, temporarily, and the object Of
the issuing of the false report was thus at
tanned. The market soon got over it, how
ever. The changes in the visible supply for
the week are as follows: Wheat 1.236. 200
bu increase; corn, 1899, 932 bu increase;
oats, 157,7S6 bu decrease; rye, 1901 Blu de-
crease; barley. 3I7.2S4 bu decrease. The
most conspicuous selling of corn was by
Hutchinson. who bought about 900, 200 bu
The great crowd followed his lead and
shorted the market heavily on the theory that
receipts will be quite liberal for some time to
come. The price of May broke 5ssc. a loss
of lc from Saturday, but the market was
firm at the decline and reacted Sac but
dropped back later and closed at about bot
tom prices at l o'clock.
THE ROUTINE REPORT.
CAICAGO, Dec. 19.-May pork this morning
opgned at $3.50 on light receipts of hogs,
but there was SO many sellers that the price
broke 10 SD. 40 Immediately. Saturday 5
close was at SIS. S2I2. When the sellers had
disposed of their load the price bounded
back TO S15.S5. There was more inherent
strength in provisions thau any Of the other
markets and during the morning pork
swung between Sl5.75@ 1855, touching
these figures several times. At o clock Ii was
Sl5. so. May lard after opening at 1925. sold
up to SS.32I2, and back to s. 25GtS-21I2
It's main rallying point was IS. May
corn opened Isc higher AT 51l2c, but at once
sold down to sac in sympathy with pork.
During the early morning the option was
quoted as low as S3SSc. May wheat opened
Isc lower. S3Ssc. In the early hours II broke
down to $3.50 S234c but later reacted to S3c.
Heavy selling by prominent operator took
il down again TO S2$4c. but when the visible
supply statement was published il had given
the market bGllish tendency and the price
went up TO S3Isc. The board of trade de-
ciied to-day TO adjourn from Friday after
noon. Dec. %. to Tuesday morning, Dec. %.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. > December opened at 15$4c,
closing at 7534c; January. 16lsc. closing at
96Isc: Februry. nc, closing at 76s4c: May
S:ssc, closing at SIC. COrn-No. . Decem-
Der opened at 47S4c. closing at 4134c; Jan
uary 4Sssc closing at 477sc: February,
4Sl2c. cIesing at 1Slic: May, 51$Sc closing
3034c. closing at 3U5sc; February, 3llsc,
closing at 3OS4c: May. 3334c. closing at 335sc.
Mess Pork. per bbl-January opened at SO,
closing at Si5.O February, SI5.42I2, clos
ing at SI5.2 May. Sla.90. closing at S15.70.
Lard. per 100 lbs-Jsnuary opened at $50,
closing at So So: February, S1.97l2. closing
at S7.95; March, So. 10, closing at $500 {;
May. s.. p, closing at SS.25. Short Ribs, per
100 lbs-January opened at S7.S2l2. closing
STD; February, S7.92l2. closing AT $50
Marcn, S802l2, closing at S7.93
May, SIS 20, closing at Ss.15.
Cash quotations were as follows: Flour
quiet: prices steady and nomlnal!y ua-
changed Wheat-NO , spring, 765sCd 15S4c
No, , spring, 65I2@66l2c; No > red. 775sc.
Corn, No. 4Sc. Oats, No. ., Sic. Rye,
No. ., see. Barley, No. >. 70@76c. Flax
seed No. I, Sl.25. Prime timothy seed,
S22S02.29 Mess pork. per Dbl. Sl5@
1910. Lard. per 100 lbs, $3.50 go. Dry
salted shoulders boxed. 81. 90@6. Short
clear sides, boxed. SIS. 10G1S.15. Whisky,
distillers finished goods. per gallon, 81. 10.
Sugar-Cut loaf. 7S4@ Size; granulated,
z 1-5c: standard a. &c. Receipts-Flour,
$4,000 bbls; wheat l13.GGO bu; corn. 19n.-
600 bu; oats. 11S,G00 bu; rye, 5000 bu:
barley, 10000 bu. Shipments-FlOur, 27,
600 bu: wheat. $4,000 bu; corn. $1,000 bu:
oats. $4,000 bu: rye 1000 bu: barley, a,
600 bu. On the produce exchange to-day,
the butter market was inactive; extra cream
cry. 2S@29e; fancy, extra dairy, 24G25c.
In